China Slow­down

Hong Kong Tatler - - Life -

A decline in the China mar­ket is be­ing blamed for an 8 per cent de­crease in sales of Bordeaux wines, to 685 mil­lion bot­tles in 2014. Ac­cord­ing to the bureau that rep­re­sents the re­gion’s pro­duc­ers, the CIVB, sales to China shrank al­most 20 per cent in 2014 com­pared to 2013. “The Chi­nese mar­ket, which has had an in­cred­i­ble rise since 2005, had to slow down,” says Bernard Farges, the head of the CIVB. He cited Bei­jing’s anti-cor­rup­tion cam­paign and in­creased com­pe­ti­tion from pro­duc­ers in Australia and New Zealand as the main rea­sons be­hind the slow­down.

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